@Injective a pioneer in decentralized finance, celebrates a significant milestone as more than 5.8 million $INJ tokens have been successfully burned through its innovative Weekly Burn Auction mechanism. This achievement not only highlights the platform's commitment to deflationary measures but also showcases the active involvement of the community in shaping the token's scarcity.
Injective's Weekly Burn Auction is a groundbreaking approach to address token supply concerns. The mechanism operates as follows:
1. Auction Dynamics: Each week, the community engages in the #Injective Weekly Burn Auction, where participants bid for the basket of trading fees accumulated by Injective throughout the week. This dynamic event ensures an inclusive and participatory approach to deflation.
2. Community Participation: Members bid with their INJ tokens during the auction, fostering a competitive environment. The transparent nature of the process guarantees a fair distribution of the trading fee basket.
3. Deflation in Action: At the auction's conclusion, the winning bidder not only claims the full basket of assets but also witnesses the intentional burning of their winning bid, executed in INJ #tokens. This deliberate act serves as a deflationary force, actively reducing the circulating supply of INJ.
The Injective Weekly Burn Auction operates as a dual-purpose mechanism. It encourages community involvement by allowing users to bid with their INJ tokens, creating a dynamic and engaging environment. Simultaneously, it consistently exerts a deflationary pressure, enhancing the scarcity of INJ and potentially boosting its long-term value.
Surpassing the remarkable milestone of 5.8 million #INJ tokens burned underscores the efficacy and popularity of the Injective Weekly Burn Auction. The community's enthusiastic participation reflects a shared understanding of the positive impact this deflationary process has on the INJ token's enduring value proposition. As Injective continues to pioneer innovative solutions in the decentralized finance landscape, the Weekly Burn Auction stands out as a testament to the platform's commitment to both community engagement and token economics.

Arbitrum, Starknet, and Axie Infinity ecosystems have voluminous cliff unlocks lined up for next week.ARB, STRK, and AXS tokens worth millions would be unleashed, alongside others like IMX, PIXEL, MANTA, and APE.Token holders should brace for volatility to escape exit liquidity ahead of Bitcoin halving week.
Several ecosystems have their unlock events lined up for next week, starting Sunday, April 14. Millions of dollars’ worth of tokens will be unleashed into the market, increasing the individual circulating supplies of the projects. Volatility should be expected with investors looking to trade around the events. This will be a week to the Bitcoin halving, a much-awaited event expected to kickstart the next bull cycle.
Token unlocks to watch before Bitcoin halving
While there are many token unlock events this coming week, three stand out for their voluminous chunks of unleashes. Arranged in the order of dates:
The Starknet ecosystem will unlock 64 million STRK tokens worth $117.12 million at current rates on April 15. The tokens, constituting 8.8% of the network’s circulating supply will be allocated to early contributors and investors.
Ethereum Layer 2 (L2) ecosystem Arbitrum will see the largest token unlocks event of the week happen. On April 16, the network will allocate 92.65 million ARB tokens comprising 3.5% of its circulating supply and worth $131.56 at current rates to the Arbitrum team, the future team, and future advisors, and investors.
Right after ARB unlocks will be AXS unlocks on April 17, where the Axie Infinity ecosystem will unleash 10.87 million AXS tokens worth $103.91 million to the market. Making up for 7.6% of the network’s circulating supply, the chunk will be issued toward staking rewards, the team, and for the ecosystem fund.
Possible implications of token unlock events
Notably, if the respective token unlocks lead to a flood of sell orders from the investors or team members looking to cash out, it could create downward price pressure on the individual tokens. Nevertheless, the overall market sentiment and conditions also has bearing depending on recipients of the tokens perceive the events. In a bullish market, investors may be more optimistic about token unlocks, while in a bearish or uncertain market, they may be more cautious.
If the token unlocks are associated with a successful network milestone, partnership announcement, or positive developments for individual ecosystems, it could be perceived as a bullish signal. Investors may interpret the unlock as a vote of confidence in the project's future prospects.
Additionally, token unlocks can also provide liquidity to investors. This would allow them to freely trade the tokens and potentially increase trading volume.
Other token unlocks to look out for
15.6 million APE tokens, an ERC-20 governance and utility cryptocurrency, worth $25.27 million will be unlocked on April 17.Web3 modular ecosystem Manta Network will pour 21.67 MANTA tokens worth  $57.42 million on April 18.Gaming ecosystem ImmutableX will unlock 34.19M IMX tokens worth $87.53 million on April 19.Ronin Network’s social casual web3 gaming ecosystem Pixels will unlock 54.38 PIXEL tokens worth $34.66 million on April 19.
Notably, all these are cliff token unlocks, where a significant portion of the tokens is locked up for a specific period initially, with full access granted after the cliff period expires. This is unlike a linear token unlocks, which involve a gradual release of tokens over time, typically in regular intervals such as daily, weekly, or monthly increments.
Unlike in cliff unlocks, the Linear alternative spreads out the token release schedule, potentially reducing the impact of sudden influxes of tokens hitting the market at once.
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